A Relevant Life Plan is a tax-efficient life insurance policy paid for by the business to cover an employee or director — often used as a personalised death-in-service benefit. It gives employees and directors life cover without affecting pension allowances, and can be a smart tool for high earners or small business owners looking to protect their families and attract top talent. Key benefits: Premiums are usually tax-deductible. Payouts are typically free from Income and Inheritance Tax. Doesn’t count toward pension contribution limits. Attractive benefit for employee recruitment and retention.

This policy pays a replacement income if a key employee or director can’t work due to illness or injury — covering up to 80% of their total earnings, including bonuses and dividends. Losing your ability to earn as a director or key team member can hit hard. This protection ensures income continues, helping the employee and the business maintain stability. Key benefits: Replaces up to 80% of salary + bonuses. Paid for by the business. Helps retain high-value staff. Boosts your overall benefits package.

Key Person Insurance protects your business if a crucial employee or director dies or becomes incapacitated. It pays a lump sum to help the company weather the financial impact. If losing one person would seriously affect your operations or revenue, this cover helps bridge the gap while you adapt, recruit, or restructure. Key benefits: Financial support to keep operations running. Maintains investor and team confidence. Essential risk management for small or fast-growing businesses.

If a business co-owner dies or becomes critically ill, Shareholder Protection gives the remaining shareholders the funds to buy their shares — keeping control within the business. It prevents shares from being inherited by someone outside the business or being sold unexpectedly. This keeps decision-making clean and protects the company’s future. Key benefits: Smooth, planned share redistribution. Avoids loss of control or outside interference. Clear, tax-efficient succession planning. Peace of mind for all shareholders involved.